Analytics, News, and Forecasts for CFD Markets: currency news — 06-08-2018.

China's central bank has reimposed reserve requirements on some FX options on Monday, which require additional reserves to be set aside for purchases and sales of options contracts betting for the yuan to fall, two sources said.

May's Spokesman Says Reaching A Good Brexit Deal Is In The Interests Of Both The UK And EU May's Spokesman.

Says Trade Minister Fox Is Right To Say There Is A Risk Of Not Succeeding In Reaching A Deal And The Government Has To Prepare For All Eventualities.

Investors are thus rewarding the signs of relief in the EU's trade dispute with the US. This also benefits the data for Germany, where the overall index can rise by 4.2 points.

Overall, the robust condition of the situation values is surprising, especially for the USA, where we are measuring an all-time high. It seems that investors have become particularly aware this month that the global economy is in much better shape than they feared three months ago. Accordingly, investors no longer expected a turnaround, but only saw a cooling off.

Tariffs are working big time. Every country on earth wants to take wealth out of the U.S., always to our detriment. I say, as they come,Tax them. If they don't want to be taxed, let them make or build the product in the U.S. In either event, it means jobs and great wealth.....

The ANZ World Commodity Price Index slid a further 3.2% in July following a 0.9% dip in June, but is still 3.1% above late-2017 levels and broadly flat on a year ago. Of the 17 commodities in the index, 12 fell, three were unchanged and two lifted. Of the six broad categories, only forestry prices rose - a star performer. NZD movements absorbed only a small part of the monthly decline, depreciating 0.1-0.2% m/m against all major trading partner currencies except the AUD, which was flat m/m. This saw the NZD index dip 3.1% m/m and annual growth shed 1%pt from June to 6.5% y/y in July.

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in June 2018 a seasonally and calendar adjusted 4.0% on the previous month. For May 2018, there was an increase of 2.6% compared to April 2018, thus confirming the provisional result published in the previous month. Price-adjusted new orders without major orders in manufacturing had decreased in June 2018 a seasonally and calendar adjusted 3.2% on the previous month.

Domestic orders decreased by 2.8% and foreign orders decreased by 4.7% in June 2018 on the previous month. New orders from the euro area were down 2.7%, new orders from other countries decreased 5.9% compared to May 2018.

In June 2018 the manufacturers of intermediate goods saw new orders fall by 2.3% compared with May 2018. The manufacturers of capital goods showed decreases of 4.7% on the previous month. For consumer goods, a decrease in new orders of 4.5% was recorded.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1702 (1499)

$1.1682 (248)

$1.1665 (251)

Price at time of writing this review: $1.1556

Support levels (open interest**, contracts):

$1.1512 (4419)

$1.1482 (5174)

$1.1448 (10179)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date September, 7 is 117100 contracts (according to data from August, 3) with the maximum number of contracts with strike price $1,1500 (10179);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3145 (1905)

$1.3122 (587)

$1.3087 (490)

Price at time of writing this review: $1.2990

Support levels (open interest**, contracts):

$1.2956 (1179)

$1.2933 (1258)

$1.2906 (2766)

Comments:

- Overall open interest on the CALL options with the expiration date September, 7 is 29611 contracts, with the maximum number of contracts with strike price $1,3450 (3338);

- Overall open interest on the PUT options with the expiration date September, 7 is 24429 contracts, with the maximum number of contracts with strike price $1,2900 (3044);

- The ratio of PUT/CALL was 0.82 versus 1.20 from the previous trading day according to data from August, 3.

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.